MCLEAN, Va., June 3, 2013 /PRNewswire/ -- Gladstone Capital Corporation (NASDAQ: GLAD) ("Gladstone Capital") announces today that on May 29, 2013, it provided $8.75 million of debt and equity financing to Funko, LLC ("Funko") in support of the acquisition led by San Francisco-based private equity sponsor, Fundamental Capital, LLC, in partnership with management. Gladstone Capital's affiliated company, Gladstone Investment Corporation (NASDAQ: GAIN) ("Gladstone Investment") also provided $8.75 million of debt and equity financing in support of the acquisition.

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Funko, led by CEO Brian Mariotti, is a designer, importer, and marketer of pop-culture collectibles.  The company was founded in 1998 and is based in Lynnwood, WA.  The company has an extensive portfolio of licenses, ranging from tent pole movies to cult classics and retro pop icons.  Funko deploys these licenses across several product platforms, including bobbleheads, vinyl figures and plush dolls.  These products are sold to a diverse customer base ranging from mass merchandisers to independent gift and specialty boutiques. 

"Gladstone is excited to partner with Fundamental Capital and the talented management team at Funko.  We look forward to the continued growth of the business and building on the success of the management team over the past few years," said Chris Daniel, a Managing Director of Gladstone Capital and Gladstone Investment.

"This is the first time that both Gladstone Capital and Gladstone Investment have co-invested in the same deal pursuant to the exemptive relief order we sought and received from the SEC.  Both funds invested on the same terms and we believe that Funko will be a great investment for both of them," said David Dullum, President of Gladstone Investment.

Gladstone Capital Corporation is a publicly traded business development company that invests in debt and equity securities consisting primarily of senior term loans, second lien term loans, and senior subordinated term loans in small and medium-sized U.S. businesses. Gladstone Capital has paid 116 consecutive monthly cash distributions on its common stock. Before paying monthly distributions on the common stock, Gladstone Capital paid eight consecutive quarterly cash distributions.

Information on the business activities of all the Gladstone funds can be found at www.gladstonecompanies.com. For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.

Forward Looking Statements:
The statements in this press release regarding opportunities for growth and other statements that are not historical facts are "forward-looking statements." These forward-looking statements inherently involve certain risks and uncertainties in predicting future results and conditions.  Although these statements are based on Gladstone Capital's current plans that are believed to be reasonable as of the date of this press release, a number of factors could cause actual results and conditions to differ materially from these forward-looking statements, including those factors described from time to time in Gladstone Capital's filings with the Securities and Exchange Commission. Gladstone Capital undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect any future events or otherwise, except as required by law.

SOURCE Gladstone Capital Corporation